Mr. Paul Davis reports

EV NICKEL REPORTS POSITIVE METALLURGICAL RESULTS FROM GEMINI NORTH PROJECT

EV Nickel Inc. has released positive interim metallurgical results from its Gemini North Nickel Sulphide zone, part of the company's Shaw Dome project located approximately 30 kilometres south of Timmins, Ont. The metallurgical testwork was completed by SGS Canada Inc. as part of continuing technical studies. The program focused on flotation performance, concentrate grade potential and variability across representative samples from the Gemini North zone.

• Six composites from Gemini North submitted for metallurgical testing;
• Robust rougher flotation performance with nickel recoveries of 81 to 85 per cent and sulphur recoveries consistently above 97 per cent under non-deslimed conditions;
• Final cleaner concentrate grades exceeding 5 per cent nickel, meeting project targets for downstream bioleaching, with grades up to 9.70 per cent Ni achieved in variability testing;
• Stable recoveries across all open-circuit variability tests, confirming reliable flotation of nickel sulphides.

"These interim metallurgical results are very encouraging and confirm the strong fundamental characteristics of the Gemini North mineralization," said Paul Davis, vice-president of exploration. "The standardized flotation conditions developed by SGS have delivered repeatable results and provide a solid technical foundation achieving robust recoveries and strong concentrate grades, from the Gemini North zone, giving me confidence in the consistency of the mineralization and its overall economic potential."

The SGS program evaluated six composite samples from the Gemini North zone and included head characterization, mineralogical analysis, comminution planning and extensive flotation testing. The primary objective was to establish baseline flotation conditions capable of producing a nickel concentrate grading above 5 per cent Ni, suitable for downstream bioleaching processing.

Mineralogical analysis confirmed that nickel is predominantly hosted in sulphide minerals, particularly millerite and pentlandite, within a silicate-dominated gangue assemblage. This mineralogical framework informed the development of flotation conditions focused on maximizing sulphide recovery while managing gangue entrainment.

Preliminary rougher flotation tests demonstrated that operating without desliming consistently delivered the highest nickel recoveries ranging from 81.4 per cent to 85.2 per cent, while desliming provided only marginal grade improvements at the expense of recoverable nickel. Cleaner flotation tests successfully upgraded rougher concentrates to produce final nickel grades of up to 5.83 per cent Ni, with strong nickel recoveries ranging from 47 per cent to 70 per cent. These recoveries are approximately three to 14 times higher than the CarLang A sulphide concentrate nickel recovery estimate of 5 per cent to 20 per cent. No metallurgical work has been completed to assess nickel recovery associated with a magnetic iron concentrate from the Gemini North zone; however, it is anticipated that inclusion of this concentrate would result in higher overall nickel recoveries than the sulphide concentrate alone.

The results provide a strong foundation for continued metallurgical optimization, including further refinement of grind size, reagent schemes and flowsheet design to improve the balance between grade and recovery. Additional comminution testing and locked-cycle flotation tests are planned as part of ongoing work.

Core handling and assay -- QA/QC (quality assurance/quality control) procedures

NQ-sized drill core from the phase 2 diamond drill hole program, part of the Shaw Dome project, was sawn in half at the company's core logging facility located near the project site. One-half of the core was retained for reference, and the remaining half was bagged and transported to Activation Laboratories Ltd. in Timmins, Ont., for sample preparation and analysis.

Certified reference materials and blanks were inserted into the sample stream by the company as part of its quality assurance and quality control (QA/QC) program. At Actlabs, samples were crushed to 80 per cent passing two millimetres, with a riffle split pulverized to 95 per cent passing 105 micrometres. Nickel, copper, cobalt, iron and sulphur were analyzed by peroxide fusion with an ICP-OES finish. Gold, platinum and palladium were analyzed by fire assay with an ICP-OES finish.

Assay results may vary from time to time due to reanalysis conducted as part of continuing QA/QC procedures.

About EV Nickel Inc.

EV Nickel's mission is to provide the world with clean nickel from Tier 1 jurisdictions. The company's projects are located within 30 kilometres of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets, as well as an important emerging critical mineral district for North American efforts to bring on-shore the full vertical integration of electric batteries and vehicles.

EV Nickel aims to play an integral part of the North American on-shoring initiative as the company's clean, low-carbon deposits can be an important source of supply to support the Inflation Reduction Act (IRA), and Ontario and federal policies and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain and globally.

In further support of this initiative, the company has and will continue to partner with environmentally responsible and ethical organizations from around the province and around the world to assist in developing these essential critical minerals. EV Nickel is also eager to collaborate with all stakeholders and leading sustainable engineering, mining, automotive and battery companies to provide this key input to support global decarbonization initiatives. The governments of Ontario and Canada are also providing significant legislative, policy and financial support to help ensure that the Timmins region becomes a leading participant in the developing North American supply chain for the clean energy transition.

Qualified person

The company's projects are under the direct technical supervision of Paul Davis, PGeo, and vice-president of the company. Mr. Davis is a qualified person as defined by National Instrument 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

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